Pepper price in Vietnam on June 11, 2024, increased sharply, reaching 171,000 VND/kg

Published 2024년 6월 11일

Tridge summary

On June 11, 2024, global pepper prices surged in Indonesia and Brazil, with Lampung black pepper and Muntok white pepper experiencing notable increases. Meanwhile, Malaysia's pepper prices remained stable. The rise in pepper prices is primarily due to strong demand from major markets like China, the Middle East, and the US/EU, as well as increased shipping costs. In Vietnam, the domestic pepper market saw a sharp increase, with a forecast of future price growth but at a slower rate due to a pepper supply shortage amidst strong demand and a decline in production in major countries like Vietnam and Brazil, leading to speculative activities by agents, exporters, and farmers.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Pepper prices today June 11 in the world In the world, the pepper market on June 11 increased sharply in some countries. Accordingly, the price of Lampung black pepper in Indonesia increased by 12.65%; increased to 6,451 USD/ton. The price of Muntok white pepper in this country increased by 11.82%; at 8,420 USD/ton. Malaysia's Kuching ASTA black pepper price remained stable at 4,900 USD/ton; This country's ASTA white pepper is still priced at 7,300 USD/ton. For the Brazilian market, the price of ASTA 570 black pepper increased by 3.53%; up to 8,500 USD/ton. In Vietnam, the export price of 500 g/l black pepper is trading at 6,500 USD/ton, while the 550 g/l type remains at 6,700 USD/ton. The export price of white pepper is anchored at 9,500 USD/ton. World pepper prices today increased sharply in Indonesia and Brazil, while other markets remained stable. PTEXIM Corp commented that strong demand from traditional markets such as China, the Middle East and the US/EU last week has ...

Source: Agriculture